Ericsson has been selected to act as end-to-end IPTV systems integrator, solution provider and business consultant for tier one Hellenic Telecommunications Organization (OTE SA). The integrated IPTV solution for OTE comprises of headend systems from Tandberg Television, part of the Ericsson group, middleware application, content distribution platform and a customized and flexible consumer portal. The

An employee of Societe Generale has been freed by police, the day after he was arrested in connection with a probe into a rogue trading scandal at the bank, the Paris prosecutor’s office said. An employee of Societe Generale has been freed by police, the day after he was arrested in connection with a probe

Britons’ expectations of future inflation rose to a series high of 3.3 percent in February, more than a percentage point above the actual rate of inflation, a survey by the Bank of England showed. The survey may be worrying for Bank policymakers who are concerned high inflation expectations can become self-fulfilling as workers demand higher

The dollar tumbled below 100 yen on Thursday, underlining concerns among monetary officials about extreme currency moves, while equities sank as worry about serious stress in credit markets persisted. Oil clung close to its record high above $110 a barrel. European shares were down 2.2 percent and Japanese equities lost more than 3 percent. Much

Carlyle Capital Corp (CARC.AS), an affiliate of private equity firm Carlyle Group (CYL.UL), said on Thursday it was in default on margin calls of over $400 million, and said its lenders would likely take possession of its remaining assets. The news provided another sign of stress in global credit markets and in Europe, where Carlyle

The dollar sank through 100 yen on Thursday for the first time in more than a decade, prompting Japanese officials to say they are keeping a close eye on their currency’s surge, which has driven stocks down sharply this year. Japanese Finance Minister Fukushiro Nukaga tweaked his language to show a bit more concern, saying

Financial and real estate up 8%   Real GDP in Cyprus rose by 4.3% year on year in the fourth quarter of 2007 compared with the fourth quarter of 2006, and by 4.4% for the whole year, according to the latest figures from the Statistical Service Cystat. The official release was therefore unchanged from the

The industrial turnover index (comprising mining and quarrying, manufacturing, electricity, gas and water supply) reached 152.6 (base 2000=100) in December 2007, recording an increase of 14.3% compared with December 2006. For manufacturing, the index for December 2007 reached 150.1, recording an increase of 14.5% compared to December 2006 For the period January-December 2007 the index